All About Riverwood, Canterbury-Bankstown, NSW, 2210

Riverwood, located in the Canterbury-Bankstown area of New South Wales, is a suburb that has been experiencing a dynamic shift in its housing market over recent years. Traditionally, Riverwood has been known for its relatively affordable housing options compared to neighboring suburbs, making it an attractive option for first-time homebuyers and investors. The suburb offers a mix of residential properties, including standalone houses, apartments, and townhouses, catering to a diverse population. Recent developments, including new apartment complexes and infrastructure improvements, have contributed to a gradual increase in property values, reflecting the growing demand. However, compared to some of Sydney’s more inner-city suburbs, Riverwood remains a more budget-friendly option while still offering reasonable growth potential for property investors.

Living in Riverwood offers residents a blend of suburban tranquility and urban convenience. The suburb is well-serviced by public transport, with the Riverwood railway station providing easy access to Sydney's CBD and other surrounding areas. This connectivity makes it an attractive location for commuters. Riverwood is characterized by its multicultural community, with a variety of local shops, eateries, and cultural amenities that reflect its diverse population. Residents can enjoy leisure activities at nearby parks, such as the expansive Riverwood Park, which provides open spaces and recreational facilities. The community spirit is strong, with local events and community groups fostering a sense of belonging among residents. Overall, Riverwood presents a balanced lifestyle with the perks of suburban living while still being within reach of the city’s vibrant attractions.

Riverwood Real Estate Market Outlook

Thinking about buying in Riverwood? Now could not be a better time, with 7789 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,105,000 with prices in this suburb ranging from $17,000 to $8,848,000. Riverwood is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Riverwood there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Riverwood is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Riverwood changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Riverwood we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Riverwood a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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